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INTERNATIONAL FUNDS ISLE OF MAN
Schroder Strategic Bond (USD)
February 2015
This factsheet is for information only and should not be considered a
financial promotion. This information should not be relied upon for buying
and selling decisions.
FUND OBJECTIVE
MIRROR FUND KEY FACTS
To provide a total return primarily through investment in a portfolio
of bonds and other fixed and floating rate securities (including, but
not limited to, asset-backed securities and mortgage-backed
securities) denominated in various currencies issued by
governments, government agencies, supra-national and corporate
issuers worldwide. As part of its primary objective, the Fund also
has the flexibility to implement long and short active currency
positions either via currency forwards or via the above instruments.
The full spectrum of available securities, including non-investment
grade, may be utilised.
FP Code:
Currency:
Launch Date:
FPI Risk Rating:
Fund Key:
Dealing:
Sector Classification:
Sharia Compliant:
Index Tracker:
Socially Responsible Investment:
SFC Authorised:
MAS Approved:
FPI MIRROR FUND RISK RATING
P92
USD
March 2007
2
S
Daily
Fixed Int - Global
No
No
No
Yes
Yes
UNDERLYING FUND KEY FACTS
Sedol Code:
B02TMF3
ISIN Code:
LU0201322137
Launch Date:
30/09/2004
Fund Management Company:
Schroder Investmt Mgt(LUX)S.A.
Fund Manager:
Bob Jolly
Manager Since:
30/11/2011
Fund Size (as at 31/12/2014):
USD 2801m
Annual Management Charge:
1.00%
Additional Expenses (as at 19/02/2014):
0.32%
Ongoing Charges Figure (as at 16/07/2014):
1.32%
Grade 2: Low risk funds offering security and potential
growth.
The fund price may go up and down depending on investment
performance and is not guaranteed. You may get back less than
you’ve paid in.
DPPI MIRROR FUND SEARCH SCHEME
Dynamic Portfolio Planner International (DPPi) is our online, adviser only,
The Ongoing Charges Figure is a measure of the total annual charge of the
portfolio-planning tool. The Mirror Fund Search Scheme is used to filter our underlying fund and is the Annual Management Charge plus the Additional
Expenses
mirror fund range by defining broad asset classes in order to refine a search.
Sector Classification:
Fixed Int - Global
Crown
Rating:
This fund is classified as:
Further information on the Crown Rating can be found at
www.financialexpress.net
FUND KEY
S : Fund also available (though not restricted) to Singapore investors.
UNDERLYING FUND BREAKDOWN
Asset Allocation (as at 31/12/2014)
Sector Allocation (as at 31/12/2014)
26.07%
US Fixed Interest
16.28%
UK Fixed Interest
Global Short Maturity
Fixed Interest
French Fixed Interest
Dutch Fixed Interest
13.64%
Industrials
9.41%
Mortgage & Secured
Bonds
6.32%
Government Agency
Bonds
7.49%
Asset/Mortgage-Backed
Securities
7.15%
German Fixed Interest
Italian Fixed Interest
5.53%
Mexican Fixed Interest
16.73%
Government Bonds
6.53%
5.85%
Swedish Fixed Interest
18.38%
Others
9.90%
Cash & Cash Equivalents
22.77%
Financials
3.41%
2.99%
9.06%
Cmbs
1.63%
Supranational Fixed
Interest
1.33%
Utilities
0.95%
TOP HOLDINGS (as at 31/12/2014)
Holding
% of Fund
1. UNITED STATES OF AMER TREAS NOTES 0% NTS
15/04/19 USD1000
2. ITALY(REPUBLIC OF) 2.5% BDS 01/12/24 EUR1000
3. UNITED STATES OF AMER TREAS NOTES 0.25% TB
28/02/15 USD1000
4. MEXICO(UNITED MEXICAN STATES) 8% BDS 11/06/20
MXN100
5. MICROSOFT CORP 3.125% BDS 06/12/28 EUR100000
7.80%
2.91%
2.77%
2.55%
1.68%
Holding
6. APPLE INC 4.45% NTS 06/05/44 USD2000
7. CREDIT SUISSE AG LONDON BRANCH FRN 02/12/15
EUR100000
8. JPMORGAN CHASE
9. STADSHYPOTEK AB FLTG RATE CVD BDS 15/02/16
GBP100000
10. UBS AG 0.64% CT OF DEP 23/02/15 GBP1
% of Fund
1.58%
1.47%
1.47%
1.24%
1.24%
INTERNATIONAL FUNDS ISLE OF MAN
Schroder Strategic Bond (USD)
February 2015
The information shown below refers to the past. Past performance is not a reliable guide to future performance.
Performance figures are net of all charges. Please note that the securities held within a fund may not be denominated in the currency of that fund
and, as a result, fund prices may rise and fall purely on account of exchange rate fluctuations.
PERFORMANCE OF MIRROR FUND OVER ROLLING ONE YEAR PERIODS (as at 31/12/2014)
31/12/2009 31/12/2010
31/12/2010 31/12/2011
31/12/2011 31/12/2012
31/12/2012 31/12/2013
31/12/2013 31/12/2014
6.29%
-3.48%
5.84%
-0.46%
0.74%
Schroder Strategic Bond (USD)
* This fund was not available during this time frame
Figures are for periods from Quarter 4 to Quarter 4 of each year.
RELATIVE PERFORMANCE OF UNDERLYING FUND OVER ROLLING ONE YEAR PERIODS (as at 31/12/2014)
31/12/2009 31/12/2010
31/12/2010 31/12/2011
31/12/2011 31/12/2012
31/12/2012 31/12/2013
31/12/2013 31/12/2014
Quartile Rank
Q2
Q4
Q3
Q2
Q2
Absolute Rank
40/152
149/173
110/194
84/219
88/249
Figures are for periods from Quarter 4 to Quarter 4 of each year.
Quartile rank – if a fund is ranked in the top 25% of funds available within its investment sector over the period shown, it is shown as Q1. Funds
ranked in the next 25% are ‘Q2’ etc. Funds in the bottom 25% are ‘Q4’.
Absolute rank – shows the fund’s relative positioning when its performance is compared to the other funds in the Financial Express sector.
PERCENTAGE GROWTH OF MIRROR FUND OVER FIVE YEARS (as at
31/01/2015)
14%
CUMULATIVE PERFORMANCE OF MIRROR FUND (as at 31/01/2015)
% growth
Since Launch
16.02
1 Year
-0.28
10%
3 Years
4.15
8%
5 Years
7.90
6%
10 Years
N/A
4%
ANNUALISED PERFORMANCE OF MIRROR FUND (as at 31/01/2015)
12%
2%
% growth
0%
-2%
Feb 10
Since Launch
Aug
Feb 11
Aug
Feb 12
Aug
Feb 13
Aug
Feb 14
Aug
29/01/2010 - 30/01/2015 Powered by data from FE
Standard Deviation*
1.91
3.16%
* Standard Deviation is a measure of a fund’s risk and volatility. It gives an
indication of how much a fund’s price goes up and down in value. So the
higher the volatility measure, the greater the risk. The above figure is an
annualised figure over a three-year time period.
Source: Financial Express Ltd, on a bid to bid basis. Figures to 31/01/2015
IMPORTANT INFORMATION REGARDING MIRROR FUNDS
For each fund managed by external investment managers Friends Provident International has set up its own mirror fund, which invests exclusively in
the underlying fund, apart from a proportionately small amount, which may be held as a cash balance. This means that the price of the Friends
Provident International fund will be different from the corresponding fund due to the cash holding and any differences in fund charges, but will move
mainly in line with it. These mirror funds can only be accessed using Friends Provident International product wrappers. Please note that there are
fees charged to investments in the mirror funds that will affect their return. For further details, please refer to the relevant fund information
brochure.
Friends Provident International Limited
Registered and Head Office: Royal Court, Castletown, Isle of Man, British Isles, IM9 1RA.
Telephone: +44(0) 1624 821 212 Fax: +44(0) 1624 824 405 Website: www.fpinternational.com
Incorporated company limited by shares. Registered in the Isle of Man, number 11494.
Authorised by the Isle of Man Insurance and Pensions Authority.
Provider of life assurance and investment products.
Authorised by the Office of the Commissioner of Insurance to conduct long-term insurance business in Hong Kong.
Registered in the United Arab Emirates as an insurance company (Registration No. 76).
Registered with the Ministry of Economy as a foreign company (Registration No. 2013): Registration date 19 April 2007.
Authorised by the United Arab Emirates Insurance Authority to conduct life assurance and funds accumulation operations.
Registered in Singapore No. F06835G.
Licensed by the Monetary Authority of Singapore to conduct life insurance business in Singapore.
Friends Provident International is a registered trade mark of the Friends Life group.